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The paper reports the empirical results of the validation of the Stochastic Production Frontier (SPF) Model to an unbalanced panel comprising a cross-section of 8 manufacturing industries over a time span of 26 years The results provide insights on the repercussions of the micro-economic reform...
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-investment gaps. Australia as the largest donor of foreign aid to PNG is concerned about the need for the effective disbursement or …
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Australia's inflation rate and inflation uncertainty during the post-float era 1983Q3–2006Q4 have acted as important … barometers of Australia's macroeconomic performance. The conceptualization and measurement of the nexus between inflation and … capture long-run stochastic trend and short-run noisy components. This allows us to conclude that in post-float Australia the …
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Keynesians in Australia. The adoption of Inflation Targeting in 1993 as the sole instrument for implementing monetary policy … for Australia, using the Markov Regime Switching Heteroscdasticity (MRSH) model. The emprical results of the MRSH model … for Australia, run against the grain of Friedman's predictions on inflation dynamics.The paper also reports the various …
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